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12036 Magnolia Blvd 6 Unit Apartment Building $1,349,000 ($224,833/Unit) 4.76% Cap Rate Valley Village, CA 91607
Investment Highlights
- Incredibly Charming 6 unit building in Prime Valley Village on large lot with ample parking and inviting yard.
- This building is extremely well cared for and has a brand new roof with transferable warranty, updated electric and sub panels.
- There are 6 parking spots plus two large garages that can easily be converted to two ADUs.
- These one bedroom units feel like little homes as they have front and rear entrances that lead to a private gated parking area.
- The units are nicely updated with newer kitchens, baths and floors.
- The rents are not at market leaving even more room for future upside value.
Executive Summary
Incredibly Charming 6 unit building in Prime Valley Village on large lot with ample parking and inviting yard. These one bedroom units feel like little homes as they have front and rear entrances that lead to a private gated parking area. This building is extremely well cared for and has a brand new roof with transferable warranty, updated electric and sub panels. The units are nicely updated with newer kitchens, baths and floors. There are 6 parking spots plus two large garages that can easily be converted to two ADUs.
This is a fantastic price point to own 6 units and have the ability to add ADUs and still have 6 parking spots . The rents are not at market leaving even more room for future upside value. Easy to manage and very low maintenance headaches.
This is a fantastic price point to own 6 units and have the ability to add ADUs and still have 6 parking spots . The rents are not at market leaving even more room for future upside value. Easy to manage and very low maintenance headaches.
Property Facts
| Price | $1,349,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.76% | Building Size | 2,685 SF |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 2.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $1,349,000 |
| Price Per Unit | $224,833 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,685 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 447 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2355-008-024 | Improvements Assessment | $400,000 |
| Land Assessment | $800,000 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
2355-008-024
Land Assessment
$800,000
Improvements Assessment
$400,000
Total Assessment
$1,200,000
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12036 Magnolia Blvd
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